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प्रश्न
Which of the following statement is true?
विकल्प
Fixed cost curve is parallel to X-axis because it changes at all levels of output.
Fixed cost curve is parallel to Y-axis because it remains constant at all levels of output.
The Fixed cost curve is parallel to X-axis because it remains constant at all levels of output.
Fixed cost curve is parallel to Y-axis because it changes at all levels of output.
MCQ
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उत्तर
The fixed cost curve is parallel to X-axis because it remains constant at all levels of output.
Explanation:
Because it remains constant at all levels of output, the fixed cost curve is parallel to the x-axis. As a result, fixed cost refers to the cost of fixed elements of production such as land and machinery.
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